Can employer's PF contribution be freezed at 1800 (12% of 15000) if 12% of employee's contribution is more than 1800???
Regards,
Suraj
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Employer EPF Contribution
Replies (4)
if employer contribution is more than 12% than the % cross the limit of 12% is considered as salary
No,
Lets say 12% of basic is 2000 (per month).
EE contribution= 2000
ER contribution= 1800 (12% of 15000)
Is this possible as both contributions ideally match???
Lets say 12% of basic is 2000 (per month).
EE contribution= 2000
ER contribution= 1800 (12% of 15000)
Is this possible as both contributions ideally match???
both employee and employer contribution be same.
Employees can contribute his total salary (basic) x 12% in any of the value...
But, Employer contribution not restricted to employee's same value. Employer contribution Upto 1800 is mandatory. Otherwise no way for restriction.
But, Employer contribution not restricted to employee's same value. Employer contribution Upto 1800 is mandatory. Otherwise no way for restriction.
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